Values First Advisors Inc. Invests $338,000 in Snowflake Inc. (NYSE:SNOW)

Values First Advisors Inc. bought a new position in Snowflake Inc. (NYSE:SNOW - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,305 shares of the company's stock, valued at approximately $338,000.

A number of other hedge funds have also recently modified their holdings of SNOW. Quarry LP boosted its position in Snowflake by 9.8% during the fourth quarter. Quarry LP now owns 662 shares of the company's stock worth $102,000 after purchasing an additional 59 shares in the last quarter. Gabelli Funds LLC boosted its position in Snowflake by 3.3% during the fourth quarter. Gabelli Funds LLC now owns 2,050 shares of the company's stock worth $317,000 after purchasing an additional 65 shares in the last quarter. Archford Capital Strategies LLC boosted its position in Snowflake by 1.9% during the first quarter. Archford Capital Strategies LLC now owns 3,609 shares of the company's stock worth $527,000 after purchasing an additional 68 shares in the last quarter. TD Private Client Wealth LLC boosted its position in Snowflake by 8.9% during the first quarter. TD Private Client Wealth LLC now owns 832 shares of the company's stock worth $122,000 after purchasing an additional 68 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its position in Snowflake by 0.6% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 12,191 shares of the company's stock worth $2,077,000 after purchasing an additional 69 shares in the last quarter. Hedge funds and other institutional investors own 65.10% of the company's stock.

Snowflake Stock Performance

Shares of SNOW traded down $7.61 during midday trading on Thursday, reaching $214.29. 4,730,608 shares of the stock were exchanged, compared to its average volume of 6,023,789. The business's 50-day moving average price is $201.70 and its 200 day moving average price is $176.33. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.58 and a quick ratio of 1.58. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $226.60. The company has a market capitalization of $71.54 billion, a price-to-earnings ratio of -50.90 and a beta of 1.22.

Snowflake (NYSE:SNOW - Get Free Report) last posted its earnings results on Wednesday, May 21st. The company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.02. Snowflake had a negative return on equity of 37.75% and a negative net margin of 36.43%. The business had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.01 billion. During the same quarter in the previous year, the firm earned $0.14 earnings per share. The business's revenue was up 25.8% compared to the same quarter last year. On average, sell-side analysts expect that Snowflake Inc. will post -2.36 EPS for the current fiscal year.

Insider Activity at Snowflake

In related news, Director Frank Slootman sold 424,852 shares of the business's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $219.35, for a total value of $93,191,286.20. Following the transaction, the director owned 165,507 shares in the company, valued at $36,303,960.45. The trade was a 71.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Mark Garrett sold 67,000 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $198.98, for a total value of $13,331,660.00. Following the completion of the transaction, the director owned 7,428 shares in the company, valued at $1,478,023.44. This trade represents a 90.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,718,258 shares of company stock worth $589,762,906 in the last quarter. Company insiders own 6.80% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Morgan Stanley assumed coverage on Snowflake in a research report on Tuesday, June 24th. They issued an "overweight" rating and a $262.00 target price on the stock. Needham & Company LLC restated a "buy" rating and issued a $230.00 target price on shares of Snowflake in a research report on Thursday, June 5th. Jefferies Financial Group raised their target price on Snowflake from $220.00 to $250.00 and gave the company a "buy" rating in a research report on Monday, June 9th. CICC Research assumed coverage on Snowflake in a research report on Friday, June 20th. They issued an "outperform" rating and a $225.00 target price on the stock. Finally, Raymond James Financial restated an "outperform" rating and issued a $212.00 target price (up previously from $196.00) on shares of Snowflake in a research report on Thursday, May 22nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $225.36.

Snowflake Company Profile

Snowflake Inc provides a cloud-based data platform for various organizations in the United States and internationally. Its platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data and data products, as well as applies artificial intelligence (AI) for solving business problems.